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Share-Based Compensation (Tables)
 12 Months Ended
Feb. 03, 2013
Share Based Compensation [Abstract]  
Summary of Share Based Compensation Expense
Total share-based compensation (a component of selling and general and administrative expenses) is summarized as follows: 
 
 
2013
  
2012
 
 
 
  
 
Share-based compensation expense before income taxes
 
$
381
   
257
 
Income tax benefits
  
(73
)
  
(72
)
 
        
Share-based compensation expense net of income tax benefits
 
$
308
   
185
 
 
        
Effect on:
        
Basic earnings per share
 
$
0.08
   
0.05
 
Diluted earnings per share
 
$
0.08
   
0.05
 
Assumptions Used In Determining Fair Value of Options
The fair value of each option grant is separately estimated.  The fair value of each option is amortized into share-based compensation on a straight-line basis over the requisite service period as discussed above.  We have estimated the fair value of all stock option awards as of the date of the grant by applying a modified Black-Scholes pricing valuation model.  The application of this valuation model involves assumptions that are judgmental and highly sensitive in the determination of share-based compensation, including expected stock price volatility.  The assumptions used in determining the fair value of options granted in the last two fiscal years and a summary of the methodology applied to develop each assumption are as follows:
 
 
2013
 
2012
 
 
 
 
 
 
 
Expected price volatility
 
48.23
%
58.34
%
 
 
 
 
 
 
Risk-free interest rate
 
0.59
%
0.94
%
 
 
 
 
 
 
Weighted average expected lives in years
 
7.2
 
3.8
 
 
 
 
 
 
 
Dividend yield
 
0.00
%
0.00
%
Summary of Stock Option Activity
A summary of stock option activity for the Company's most recent fiscal year is as follows: 
 
 
Number
Of
Shares
  
Weighted
Average
Exercise
Price
  
Weighted
Average
Remaining
Contractual
Term Years
  
Aggregate
Intrinsic
Value (in
thousands)
 
 
 
  
  
  
 
Outstanding January 29, 2012
  
277,250
  
$
14.86
   
3.0
  
$
—
 
 
                
Granted
  
190,000
   
9.41
         
 
                
Exercised
  
(3,750
)
  
9.25
         
 
                
Forfeited/Expired
  
(117,500
)
  
13.28
         
 
                
Outstanding February 3, 2013
  
346,000
  
$
12.47
   
3.0
  
$
—
 
 
                
Vested and expected to vest at February 3, 2013
  
192,375
  
$
11.28
   
4.0
  
$
—
 
 
                
Exercisable at February 3, 2013
  
153,625
  
$
13.95
   
1.0
  
$
—
 
Other Information Relative to Option Activity
Other information relative to option activity during the fiscal years ended February 3, 2013 and January 29, 2012 is as follows: 
 
 
2013
  
2012
 
 
 
  
 
Weighted Average Grant Date Fair Value of Stock Options Granted (per share)
 
$
3.92
   
4.65
 
 
        
Total Fair Value of Stock Options Vested
  
826
   
689
 
 
        
Total Intrinsic Value of Stock Options Exercised
  
—
   
—